What Cosaic does

Cosaic is a financial technology software company founded in 2012 and headquartered in Charlottesville, Virginia, operating under the interop.io brand to deliver desktop interoperability software for capital markets and insurance enterprises. The company's platform unifies web, native, virtualized (Citrix), and legacy applications into a single connected desktop layer where applications share context, trigger actions, and support real-time workflows. Core products include io.Connect (the primary integration platform), io.Manager (backend services for managing interoperability projects), io.Insights (analytics for user experience and process compliance), io.Bridge (cross-application bridging), and io.Intelligence (an AI orchestration layer). Pre-built adapters cover Bloomberg, Fidessa, Salesforce, and Excel, and the platform supports the FDC3 desktop interoperability standard.

The business model centers on enterprise software licensing with subscription-based recurring revenue, sold through direct enterprise field sales targeting buy-side and sell-side financial institutions, insurance firms, and energy/commodities traders. A formal multi-tier partner program extends reach through software vendors (ISVs), and professional services are offered for implementation and deployment. Named enterprise customers include Citi (with a 10,000+ user deployment), JP Morgan, Broadridge, BNY Mellon, Alliance Bernstein, Deutsche Numis, Redburn Atlantic, and Chelmer. The company has raised approximately $27 million across multiple rounds from 2014 through 2023, with investors including Yttrium (lead in the 2019 round), Illuminate Financial, Social Leverage, and ValueStream Ventures, alongside a strategic investment from Citi.

Name

Cosaic

Website

https://cosaic.io

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

Cosaic, operating as interop.io, provides desktop interoperability software that unifies web, native, virtualized, and legacy enterprise applications for capital markets and insurance firms, serving clients including Citi, JP Morgan, Broadridge, and BNY Mellon through subscription licensing and direct enterprise sales.

Ownership category

akta.pro rank

Product category

Capital Markets Desktop Interoperability Software

NAICS

Computer Systems Design Services (541512), Computer Systems Design and Related Services (5415), Computer Systems Design and Related Services (54151), Computer Facilities Management Services (541513)

SIC

Services-Computer Integrated Systems Design (7373), Services-Prepackaged Software (7372), Services-Computer Programming Services (7371), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Workflow-Oriented Integration & Orchestration (HDAEAIAG)

akta.pro secondary industries

Application Integration & API/Middleware Services (BPAEAAAF), Connector/Adapter Frameworks & Integration Runtimes (HDAEACAJ), Enterprise Work Management & Collaborative Workflow Platforms (HDAEAHAI)

Keywords

• Desktop interoperability software
• Capital markets platforms
• Application integration middleware
• Enterprise workflow orchestration
• Trading desktop connectivity

Headquarters

HQ city

Charlottesville

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Software Licensing: Enterprise software licensing model for the io.Connect, io.Manager, io.Insights, and io.Bridge product suite. Targets financial institutions requiring desktop interoperability.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Cosaic operates the interop.io desktop interoperability platform for enterprise financial institutions, enabling disparate web, native, virtualized (Citrix), and legacy applications to share context, trigger actions, and support end-to-end workflows on a single desktop. The platform spans io.Connect (integration), io.Manager (backend services), io.Insights (analytics), io.Bridge (bridging), and io.Intelligence (AI orchestration), with pre-built adapters for Bloomberg, Fidessa, Salesforce, and Excel.

Product overview

interop.io offers a platform-plus-modules architecture centered on desktop interoperability for enterprise environments. The core platform consists of io.Connect (primary integration product), io.Manager (backend services), io.Insights (analytics), and io.Bridge (application bridging). Additional components include io.Intelligence (AI orchestration layer), Application Adapters (pre-built connectors), Notifications Center (notification management), and Native App Support. The platform unifies web, native, virtualized, and legacy applications into a single connected desktop experience, with built-in support for FDC3 standard and enterprise platforms like Bloomberg, Fidessa, Salesforce, and Excel.

Differentiator

Problem solved

Functional benefit

Brands

• io.Connect: Integrate applications, simplify user experiences and accelerate digital transformation.
• io.Manager
• io.Insights
• io.Bridge

Quantifiable outcome

• Reduces error rates by 28%
• +2 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability1 record

Feature8 records

Partnerships

Five partnerships are on record, tiered core.

• BloombergcoreTechnology or IntegrationPre-built adapter enabling Bloomberg terminal integration into interop.io workflows. Users can act on market intelligence without switching applications.
• FidessacoreTechnology or IntegrationPre-built adapter for Fidessa platform integration, enabling connectivity with trading and connectivity solutions.
• SalesforcecoreTechnology or IntegrationPre-built adapter enabling Salesforce CRM integration into enterprise desktop workflows.
• Microsoft ExcelcoreTechnology or IntegrationNative adapter for Excel integration, enabling spreadsheet data sharing within connected workflows.
• FDC3 (Financial Desktop Connectivity and Collaboration Consortium)coreTechnology or IntegrationFDC3 standard support for cross-platform desktop interoperability in financial services.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• OpenFin: OpenFin provides a desktop operating system for financial services that connects applications across the trading desktop with shared context, workspaces, and notifications. It is the most direct competitor to interop.io's desktop interoperability platform, serving many of the same buy-side and sell-side customers.
• Glue42: Glue42 offers a desktop integration platform that links disparate financial applications into a unified workspace, with FDC3 support and pre-built adapters similar to interop.io. It targets capital markets and financial services enterprises with comparable interoperability outcomes.
• Finsemble: Finsemble provides smart desktop technology for financial services, enabling drag-and-drop app layout, inter-app communication, and FDC3 support. It overlaps closely with interop.io's value proposition of unifying the trader's desktop across web, native, and legacy apps.

Broad incumbents

• MuleSoft: MuleSoft, now part of Salesforce, is a leading iPaaS platform for enterprise API-led connectivity and integration. While broader and more API/infrastructure focused than interop.io's desktop layer, it competes in adjacent integration budgets and could expand downward into desktop interoperability use cases.
• Workato: Workato is an enterprise integration and workflow automation platform serving both IT and business users. It competes for integration spend against interop.io and could expand into desktop workflow orchestration use cases for financial services.
• Boomi: Boomi is a cloud-native iPaaS platform focused on application integration, data integration, and API management. As a broad incumbent integration platform, it addresses similar backend integration needs and could encroach on desktop-layer use cases over time.
• Appian: Appian is a low-code process automation and BPM platform widely used in financial services and insurance. It competes for workflow and case management budgets that overlap with interop.io's insurance and capital markets use cases.
• Microsoft Power Platform: Microsoft's Power Platform (Power Automate, Power Apps) provides workflow automation and application integration deeply embedded in the Microsoft 365 and Azure ecosystem. As a platform incumbent, it is the most likely large vendor to absorb desktop interoperability use cases natively.

Emerging players

• Tray.io: Tray.io is a general-purpose integration and automation platform with strong API connectivity and workflow building. While not specialized in the desktop layer, it increasingly addresses enterprise workflow orchestration that overlaps with parts of interop.io's value proposition.

Regional players

• SS&C Advent Genesis: SS&C Advent provides trading and portfolio management platforms with workspace integration capabilities for capital markets. It overlaps in serving buy-side and sell-side workflows that interop.io targets, and represents a platform incumbent with adjacent desktop integration features.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/chartiq
• Facebookfacebook.com/ChartIQ
• LinkedInlinkedin.com/company/chartiq

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds6 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cosaic